Kenneth Lewis

Kenneth Lewis, Bank of America Corp.'s embattled chief executive was re-elected to the company's board Wednesday, but he was removed as chairman after shareholders voted to split it from the CEO job. Shareholders re-elected Lewis and 17 other directors who presided over the plunge in Bank of America's stock price during the financial crisis, according to a person familiar with the matter. Later Wednesday, the company reported the decision to split the two positions with board member Walter E....

WASHINGTON (Reuters) - Bank of America agreed to pay $9.3 billion to settle claims that it sold Fannie Mae and Freddie Mac faulty mortgage bonds, helping the bank to end one of the largest legal headaches it still faced from the financial crisis. The settlement, announced on Wednesday, includes $6.3 billion in cash and the rest in securities that Bank of America will purchase from the two housing finance entities. The second-largest U.S. bank by assets said...

Bank of America Corp., the No. 3 U.S. bank holding company, said Wednesday its chairman and chief executive, Hugh McColl Jr., will retire in April, and be replaced by Kenneth Lewis. "I've been here 41 1/2 years," he said. "It's like running a marathon. When you finish all 26 miles 385 yards, someone comes up and asks you to run another mile." During his tenure, McColl helped to build a small regional bank into a national banking company with $642 billion in assets, 140,000 employees...

Kenneth Lewis, Bank of America Corp.'s embattled chief executive was re-elected to the company's board Wednesday, but he was removed as chairman after shareholders voted to split it from the CEO job. Shareholders re-elected Lewis and 17 other directors who presided over the plunge in Bank of America's stock price during the financial crisis, according to a person familiar with the matter. Later Wednesday, the company reported the decision to split the two positions with board member Walter E....

When Diane Whisman looks at her son Travis, she sees her husband Jim. "They are like two peas in a pod," she said. Both are fine golfers and intense competitors, which naturally leads to a rivalry when the two go head-to-head on the course. "It's in a good-natured way," Diane said. "They go out and make their own little side bets." The two avoided making the mother of all side bets this week, which is too bad for Travis. Had the Whismans bet on...

Bank of America Corp., the No. 3 U.S. bank holding company, said Wednesday its chairman and chief executive, Hugh McColl Jr., will retire in April, and be replaced by Kenneth Lewis. "I've been here 41 1/2 years," he said. "It's like running a marathon. When you finish all 26 miles 385 yards, someone comes up and asks you to run another mile." During his tenure, McColl helped to build a small regional bank into a national banking company with $642 billion in assets, 140,000 employees...

WASHINGTON (Reuters) - Bank of America agreed to pay $9.3 billion to settle claims that it sold Fannie Mae and Freddie Mac faulty mortgage bonds, helping the bank to end one of the largest legal headaches it still faced from the financial crisis. The settlement, announced on Wednesday, includes $6.3 billion in cash and the rest in securities that Bank of America will purchase from the two housing finance entities. The second-largest U.S. bank by assets said...

When Diane Whisman looks at her son Travis, she sees her husband Jim. "They are like two peas in a pod," she said. Both are fine golfers and intense competitors, which naturally leads to a rivalry when the two go head-to-head on the course. "It's in a good-natured way," Diane said. "They go out and make their own little side bets." The two avoided making the mother of all side bets this week, which is too bad for Travis. Had the Whismans bet on...

A memorial service for Alta F. Lewis, 79, will be held Aug. 30 in Flossmoor Community Church, Carroll Parkway and Hutchinson Road, Flossmoor. Mrs. Lewis, a former nurse, died last Saturday in her Flossmoor home. She was the widow of Dr. G. Kenneth Lewis, a plastic surgeon. She is survived by a daughter, Linda Hecht; a son, Dr. G. Kenneth Jr.; five grandchildren; three sisters; and a brother.

A man who allegedly threatened to shoot a store cashier because she would not break with store policy and give him a cash refund for purchased merchandise was charged Wednesday with disorderly conduct. Police said Kenneth Lewis, 31, of 22144 Ridgeway Ave., Richton Park, allegedly threatened to get a gun from his car and shoot a cashier at the Burlington Coat Factory, 4208 W. 211th St., after she told him the store policy on his returned coat was only to give him a credit.

House lawmakers accused the federal government of orchestrating a shotgun wedding between Bank of America Corp. and Merrill Lynch, as a top bank executive said publicly for the first time that he was pressured into going through with the deal. Bank of America Chief Executive Kenneth Lewis testified that the government threatened to remove board members at his bank if it reneged on a promise to acquire Merrill Lynch, despite its crumbling financial state. "What gave me concern is that they gave...

Stressed out? Try Breema. The ancient wellness practice, which originated in a village called Breemava in Central Asia, is now available in Chicago. Kenneth Lewis, a certified Breema practitioner, recently opened Chicago's first Breema studio at 303 W. Erie St. Breema is a holistic approach to maintaining wellness and releasing tension. The Breema Center in Oakland, describes it as "exercise that uses nurturing touch, tension-relieving stretches and rhythmic movements to create physical, mental...